Molokai Homes under $600,000

Welcome to Molokai, a hidden gem in the Hawaiian archipelago, where lush landscapes and a rich cultural heritage await. Nestled in Maui County, this enchanting island is often referred to as the “Friendly Isle,” known for its warm hospitality and unspoiled beauty. With its pristine beaches, majestic mountains, and vibrant coral reefs, Molokai offers a serene escape from the hustle and bustle of modern life.

For those seeking a slice of paradise without breaking the bank, you’ll be delighted to discover that Molokai boasts an impressive selection of homes priced under $600,000. Whether you’re a first-time buyer, a retiree looking for tranquility, or an investor seeking a vacation rental, this affordable housing market presents a unique opportunity to own a piece of this island paradise.

Imagine waking up to the sound of gentle waves lapping against the shore, with breathtaking views of the Pacific Ocean right from your doorstep. Homes in this price range often feature charming island-style architecture, spacious yards, and proximity to local amenities, including farmers’ markets, shops, and restaurants that showcase the island’s rich agricultural bounty.

Living on Molokai means embracing a slower pace of life, where outdoor adventures such as hiking, snorkeling, and exploring historical sites are part of your daily routine. With a strong sense of community and a commitment to preserving its natural beauty, Molokai is not just a place to live; it’s a lifestyle that invites you to relax, reconnect, and rejuvenate. Come discover why this enchanting island could be your ideal home sweet home!

Newest Molokai Homes under $600,000

$385,000

1 Beds ⋅ 2 Baths ⋅ 410971 MLS ⋅ Fee Simple Tenure ⋅ Paniolo Hale BLDG.

Rare opportunity to own Paniolo Hale N-4 on the beautiful island of Molokai. One of only six one-bedroom condos at Paniolo Hale featuring a wraparound screened lanai, this unique residence offers an abundance of additional usable living space without the added fees associated with a larger interior footprint. Located at the end of the building, N-4 enjoys exceptional privacy and seclusion, surrounded by lush tropical landscaping that creates a peaceful and dreamy Hawaiian setting. This townhome-style condo has been beautifully remodeled with quality finishes and attention to detail throughout. The stunning chef’s kitchen boasts granite countertops, high-end stainless steel appliances, an oversized sink, custom cabinetry, and plenty of space for cooking and entertaining. Refinished oak floors and designer fixtures add warmth and character throughout the home. The downstairs bathroom features a striking stone vessel sink, handmade wood cabinetry, and a custom shower. Upstairs, 18-inch diagonal porcelain tile flooring complements the spacious primary suite and bath, which features a granite-topped dual stainless steel sink vanity and a large porcelain tile shower. The extensive upgrades give the condo a refined, custom feel while maintaining the relaxed atmosphere of island living. The wraparound screened lanai is one of the property's standout features, creating a wonderful indoor-outdoor living area surrounded by tropical plants and greenery. Whether enjoying morning coffee, reading in the afternoon, or relaxing after a day at the beach, the lanai provides a private retreat that feels immersed in the tropical landscape. Offered completely furnished and move-in ready, N-4 is well suited for full-time living, a Molokai vacation home, or short-term rental use. Paniolo Hale is located within the Hotel zoning district, where short-term rentals are currently permitted. Paniolo Hale is an oceanfront condominium community on Molokai's stunning west end. Amenities include a gated swimming pool with restroom facilities, mature shade-giving monkeypod trees, beautiful tropical landscaping, fruit trees including avocado, mango, and citrus, and a front desk area for property management. From N-4, it's an easy walk to great surfing at Kepuhi Beach, multiple white-sand beaches, and public trails for hiking and cycling. Enjoy incredible sunsets from the nearby beaches throughout the year and the uncrowded outdoor lifestyle that makes Molokai so special. The island is popular with fishing, hunting, surfing, hiking, cycling, and outdoor enthusiasts looking to experience a more peaceful side of Hawaii. With both Mokulele Airlines and Lana'i Air currently serving Molokai, travelers have additional options for interisland access

100 Lio Pl Unit N-4, Maunaloa

Listing courtesy of Molokai Vacation Properties.

$450,000

3 Beds ⋅ 2 Baths ⋅ 410966 MLS ⋅ Fee Simple Tenure

Beautifully updated home featuring distinctive geometric architecture on Molokai’s desirable East End. Surrounded by lush tropical landscaping and fruit trees, this unique property offers a peaceful setting with views toward Molokai’s scenic eastern mountains. Inside, gorgeous hardwood flooring flows throughout the home, complemented by an updated kitchen with granite countertops and abundant natural light. Fresh interior and exterior paint give the home a clean, refreshed feel. Enjoy both front and back covered lanais, perfect for relaxing, entertaining, and taking in the surrounding tropical scenery. A long, gated driveway provides added privacy along with ample space for multiple vehicles, a boat, or trailer parking. The spacious grounds offer plenty of room to continue expanding the gardens and enjoying the benefits of East End living. Conveniently located just past Puko'o Beach and within walking distance of a neighborhood market. A truly unique Molokai property combining privacy, character, tropical surroundings, and a one-of-a-kind architectural design.

9046 Kamehameha V Hwy, Kaunakakai

Listing courtesy of Molokai Vacation Properties.

1300 Kamehameha V Hwy Unit 112A, Kaunakakai

$169,900

1 Baths ⋅ 410960 MLS ⋅ Fee Simple Tenure ⋅ Hotel Molokai BLDG.

An indisputable update — Thoughtfully Renovated from the Ground Up Unit 112A at Hotel Molokai is far more than a cosmetic renovation—it was completely rebuilt from the studs over a seven-month period, with more than $107,000 in documented renovation receipts. The extensive work included all-new electrical wiring, outlets and main panel, new underground plumbing, insulation, and soundboard, creating a beautifully updated space with the quality and attention to detail you can appreciate from the moment you walk in. Photos documenting the depth of the renovation are available upon request. The interior combines island character with thoughtful craftsmanship. Beautiful travertine tile flows throughout the floors and wall base and continues into the spa-like travertine wet room, complete with a walk-in glass-block shower. At the heart of the home is a truly distinctive kitchen featuring custom cabinetry crafted from Monkey Pod lumber harvested on Moloka'i, adding warmth, character, and a genuine sense of place. The kitchen is equipped with a 7-cu.-ft. refrigerator, separate 7-cu.-ft. freezer, sink with disposal, and generous storage. Step outside your door and embrace the relaxed rhythm of Hotel Molokai, the island's only oceanfront hotel. Enjoy a morning swim in the oceanfront pool, take in the tropical surroundings, or listen to the sounds of live music from the open-air restaurant, bar, and stage. A guest club lounge and activity desk are also conveniently located on the property, making it easy to enjoy everything Moloka'i has to offer. This is an exceptional opportunity to own a substantially rebuilt and uniquely finished island retreat in one of Moloka'i's most distinctive oceanfront settings. Whether you're looking for a personal island escape or a special place to enjoy the authentic, laid-back lifestyle of Moloka'i, Unit 112A offers a rare combination of craftsmanship, character, and location.

1300 Kamehameha V Hwy Unit 112A, Kaunakakai

Listing courtesy of Keller Williams Realty Maui-Ki.

$480,000

1 Beds ⋅ 1 Baths ⋅ 410871 MLS ⋅ Fee Simple Tenure ⋅ West Molokai Resort BLDG.

Rarely offered Kepuhi Beach UNOBSTRUCTED OCEAN VIEW COTTAGE 7B! Remodeled with vinyl bamboo flooring/ new appliances including microwave, full sized oven, dishwasher, refrigerator, s.s kitchen sink, stack washer dryer, double locking pocket doors leading into walk through bathroom , double sink over, soft close drawers. Lanai screen doors and plexiglass lower fillers to keep island love out. This 642sq ft base floor layout flows so easily into endless views of Kaiaka Rock, ocean views and lovely HOA maintained grounds. These Cottages rarely come to market and this one is priced accordingly! Finish the loft area or add sq ft for room upstairs! Owner is turning new chapter after 8 sunset filled years- Make it your full time residence, hotel zoned rental or long term rental. Past rental history available upon request. Minimalist furnishings include: Queen sized adjustable bed with remote massage, vegan recliner, Kitchen bar and stools, 25” tv on stand, Lanai outdoor adjustable furniture with chaise lounge and 4 seat wicker glass top table. Make it your own Molokai Island retreat! One of a kine hand painted Kepuhi scene surfboard not included but will consider acceptable offers. Buyer has first option on a 2017 Nissan Frontier 4x4 Sv with 85,000 miles in good condition. Don’t miss out on this opportunity!

255 Kepuhi Pl Unit 9C02-7B, Maunaloa

Listing courtesy of Molokai Island Properties.

$205,000

1 Baths ⋅ 410728 MLS ⋅ Fee Simple Tenure ⋅ West Molokai Resort BLDG.

Light & Bright corner studio at Kepuhi Beach Resort unit 1186. Enjoy ocean , Kaiaka Rock and courtyard views. Just steps away from parking-no hills or stairs to climb. Unit was recently painted, new tub surround installed, along with new toilet & hardware. The lower lanai windows have plexiglass to help keep the outside from coming in! Lanai shades are installed for privacy. There is a front door screen as well as lanai sliding screens. Unit includes oven, refrigerator and disposal. New microwave & dishwasher. Ready for your finishing touches! Enjoy coffee while watching the whales in this peaceful retreat! Live full time, rent or just enjoy! Listing is under assessed value. The association ameneties include BBQ, Oceanside pool & Security. Garbage, water, sewer and electricity are included in the AOAO fee.

255 Kepuhi Pl Unit 16B06-1186, Maunaloa

Listing courtesy of Molokai Island Properties.

$525,000

2 Beds ⋅ 2 Baths ⋅ 410664 MLS ⋅ Fee Simple Tenure ⋅ Paniolo Hale BLDG.

Fee Simple 2-Bedroom, 2-Bath Townhouse at Paniolo Hale – Turnkey Island Living Experience the charm and tranquility of Molokai in this beautifully furnished fee simple end unit with wrap around screened lanai, 2-bedroom, 2-bath townhouse at the sought-after Paniolo Hale. Nestled among lush tropical landscaping and impeccably maintained grounds, this inviting retreat features rich dark wood floors, tasteful island-inspired furnishings, and a warm, welcoming ambiance throughout. Just a short stroll from beach access, this exceptional residence is ideally located to enjoy the natural beauty and peaceful lifestyle of Molokai. Residents and guests also enjoy the beautifully maintained swimming pool and community barbecue areas, perfect for relaxing afternoons and entertaining family and friends. Offered fully furnished and truly move-in ready, the sale includes all furniture, artwork, décor, kitchenware, linens, and household inventory. Many beautiful art pieces are also included, creating a home with distinctive island character and timeless appeal. Whether you are looking for a full-time residence, a tropical vacation retreat, or a turnkey investment property, this exceptional Paniolo Hale townhouse offers comfort, convenience, and the very best of island living from the moment you arrive.

100 Lio Pl Unit B1, Maunaloa

Listing courtesy of Molokai Island Properties.

$499,000

4 Beds ⋅ 2 Baths ⋅ 410612 MLS ⋅ Fee Simple Tenure

Welcome to 9 Oki Place, a charming single-story residence nestled on a quiet street in the heart of Kaunakakai. Built in 1960, this home offers 1,508 square feet of interior living space with 4 bedrooms and 1.5 bathrooms, including a convenient half-bath located right off the outdoor patio. Set on a generous 0.35-acre lot spanning 15,102 square feet, with two installed county water meters. The fully fenced property features a manicured lawn framed by lush tropical landscaping and a mature, fruit-bearing mango tree. Outdoor living is a highlight here, featuring a spacious covered patio designed for gathering and dining in the shade, along with an attached two-car garage equipped with internal and external storage space. Offered fully furnished in As-Is condition, this property provides the perfect balance of authentic Molokai charm and convenience, placing you just minutes from local shops, dining, schools, and coastal access.

9 Oki Pl, Kaunakakai

Listing courtesy of Molokai Realty LLC.

$399,900

1 Baths ⋅ 410565 MLS ⋅ Fee Simple Tenure ⋅ Paniolo Hale BLDG.

I-3 is a spacious plantation-style oceanfront studio located in the serene Paniolo Hale complex on Molokai's west end. Renovated in 2018 and recently updated in 2026, this ground-floor unit features high ceilings and a expansive wall of doors that opens onto a recently refinished, screened lanai. The layout seamlessly connects the indoors with the outdoors, allowing you to relax to the sound of the ocean waves and take in views of the beach and local surf break. Inside, the condo includes a remodeled, fully equipped kitchen complete with stainless steel appliances and updated cabinetry, as well as an in-unit full-size washer and dryer. The upgraded bathroom features a step-in tiled shower and a large vanity. Freshly painted and nicely furnished throughout, the home offers a dedicated living room seating area, a premium king bed, pull out queen sized sofa, and a dining and lounging setup on the lanai. Set within the lush, canopy-covered oasis of Paniolo Hale, residents and guests have access to a gated swimming pool and gas barbecue areas. The unit is situated just steps from Kepuhi Beach and is a short walk from Make Horse Beach and Papohaku Beach—the longest white-sand beach on Molokai.

100 Lio Pl Unit I-3, Maunaloa

Listing courtesy of Molokai Realty LLC.

$375,000

2 Beds ⋅ 2 Baths ⋅ 410492 MLS ⋅ Fee Simple Tenure

Great opportunity for a starter home on the island of Molokai! Located on a quiet cul-de-sac approximately 5 miles from Kaunakakai town, this charming 2-bedroom, 2-bath home offers convenience, functionality, and plenty of potential. The kitchen has been updated, while still providing an opportunity for a new owner to add their own finishing touches and personal style. The updated bathroom features tile finishes and granite countertops. A durable metal roof adds to the home's practical appeal, while the cul-de-sac location provides additional space for parking, including room for a boat or extra vehicles. With a little cosmetic love, this property could be a wonderful place to call home or a great opportunity for a buyer looking to build equity on Molokai.

15 Kawela Way, Kaunakakai

Listing courtesy of Molokai Vacation Properties.

1000 Kamehameha V Hwy Unit 119B, Kaunakakai

$95,000

1 Beds ⋅ 1 Baths ⋅ 410484 MLS ⋅ Leasehold Tenure ⋅ Molokai Shores BLDG.

Enjoy easy island living in this ground floor 1-bedroom, 1-bath leasehold condo at Molokai Shores. Conveniently located close to the swimming pool, community laundry, and parking, this unit offers a practical location within the complex. While the interior is mostly original, it has been well maintained and provides a comfortable opportunity to update at your own pace or enjoy as-is. Molokai Shores is an oceanfront complex just outside Kaunakakai, featuring tropical grounds, a pool, BBQ areas, shuffleboard, putting green, and beach access. Whether you're looking for a full-time residence, island retreat, or investment property, this condo offers an affordable opportunity to own on Molokai. Monthly AOAO dues are $1,040.36, with an additional monthly lease rent of $130.61. The current land lease expires in 2038.

1000 Kamehameha V Hwy Unit 119B, Kaunakakai

Listing courtesy of Molokai Island Properties.

$280,000

1 Beds ⋅ 1 Baths ⋅ 410475 MLS ⋅ Fee Simple Tenure ⋅ Paniolo Hale BLDG.

The Great Escape: Discover True Hawaii on the island of Molokai. If society has you down or you're feeling overwhelmed, try Molokai—it's "mo better." This well-appointed, ground-floor vacation rental is your perfect antidote to the troubles of the world. Enjoy the profound serenity of a private setting with minimum stairs to navigate. Inside, you'll find high ceilings and beautiful Mahogany French doors leading to a large, wrap-around lanai, creating a natural and expansive atmosphere. This unit was lovingly used as a pied-à-terre by the current owner, offering immediate comfort and an authentic island experience.

100 Lio Pl Unit C-3, Maunaloa

Listing courtesy of Jeff Griffin LLC.

$490,000

2 Beds ⋅ 1 Baths ⋅ 410374 MLS ⋅ Fee Simple Tenure

Discover the perfect blend of modern comfort and relaxed island charm in this beautifully maintained 2-bedroom, 1-bathroom home located in the desirable Kilohana Kai subdivision. Built in 2003 and extensively renovated in 2020, this light and bright 864-square-foot residence features an open-concept layout designed to maximize space, functionality, and natural airflow. The refreshed interior boasts high-grade wood-look vinyl plank flooring, a split A/C unit for year-round climate control, and a beautifully appointed kitchen equipped with rich wood cabinetry, granite countertops, a large center island with breakfast bar seating, and stainless steel appliances. The full bathroom is tastefully finished with custom tile work, a tub/shower surround, generous built-in storage, and accessible grab bars. Step outside onto the expansive covered wooden lanai, where you can enjoy outdoor dining, relaxed entertaining, or quiet mornings surrounded by gentle island breezes. Situated on a generous 5,523-square-foot lot with mature greenery and trees, the home offers excellent privacy along with low-maintenance vertical siding, sturdy post-and-pier construction, solar roof vents, and a durable composition shingle roof. Move-in ready and thoughtfully updated, this turnkey property presents a rare, affordable opportunity to own your own slice of Molokai paradise. Property is a Residential Condo Development.

20 Uala Pue Pl Unit Unit 7B, Kaunakakai

Listing courtesy of Molokai Realty LLC.

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Based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on . Information is deemed reliable but not guaranteed. Copyright: 2026 by HiCentral MLS, Ltd. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.